Practical Experience: Key Techniques for Trading Altcoins
Cryptocurrency researcher ardizor increased his assets from $4,700 to $2.1 million in one year, and it was not achieved through BTC, ETH, MATIC, AVAX, or MODE. This article aims to share his tips on how to trade altcoins.Source: ardizor X account
Author: ardizor, Crypto Researcher
Compiled by: Felix, PANews
Crypto researcher ardizor increased his assets from $4,700 to $2.1 million in one year, and not through BTC, ETH, MATIC, AVAX, or MODE. This article aims to share his tips on how to trade altcoins.
Trading altcoins does not require complex strategies; instead, it relies on the following key factors:
- Understanding crypto market psychology
- Tracking insider wallets
- Identifying undervalued projects
- Understanding crypto security principles
Understanding Crypto Market Psychology is Crucial
In the crypto world, emotions drive everything. Human psychology remains constant, and market patterns always repeat.
The following image is a rough visualization of market psychology patterns:
"The best time to buy is when the market is bleeding."
While many people are aware of this, when fear dominates the market, people often sell, and only buy back when greed takes over. This simple rule can yield huge profits.
Recognize this pattern and go against the tide.
Fear / Greed Index: https://alternative.me/crypto/fear-and-greed-index/
Understanding Insider Trading
Here’s a recent example: a wallet purchased HAMMY immediately after its launch for $1,500 and then sold out for $177,000.
How can we be sure this is an insider wallet and not a random trader?
Consider this: why was this person able to buy before the unexpected surge when there was no positive news about the project in the market?
The answer is, of course, insider information.
How to Find These Hidden Insider Wallets?
- Visit: https://dexscreener.com/
- Look for trending tokens in the past 6 or 24 hours
- Click on top traders
- Search for early trades
- Copy the wallet address
- Go to: https://alphatrace.co/
- For better results, consider filtering wallets with profits over $500,000 and a win rate of 60% or more
"How to Discover Potential Coins Before Others?"
- Visit: CoinMarketCap / Coingecko
- Select 10-30 tokens of interest from your preferred sectors
- Visit: https://dropstab.com/
- This site provides important information such as project investors, Twitter followers, and funding data.
Where to Check Token Economics
Visit Token Unlocks or VestLab to check key points:
- Tokens allocated to the community
- Investor lock-up conditions
- Investor cost vs. current price
Finally, verifying the security of token contracts is crucial. This habit will protect you from potential scams, rugs, and honeypots. The following two commonly used verifiers may be helpful:
SOL: https://rugcheck.xyz/
EVM: https://www.coinscan.com/
